FXCorrelator - Scalping system

cable moved to 60 pip high so far off of the 3016 lows ....of course i didnt stay on it ...bailed earlier .....but still did ok

N

ps anyone on the cable at moment ? ....ive re bought at 3020...deja vue ?

hey guys ...sorry i was in a trading room calling signals for some traders when this earlier happened

otherwise i would have called it ......

Scrappy today so far .....on cable ...I was chasing some ghosts earlier in session this morning ...too eager and showing off ....those first 4 scalps were overall pretty B/e ....I was too eager and market hadnt opened up sufficiently

last couple were gold .....cable scrapes the 3020s and sells off some 30+ pips ...I was in twice as i was building a position.......
too easy into coming out around the low 2990s ......down to 2980s

lets see how rest of session progresses..........operating on initial T1 targets of around 5 pips (and equivalent stop levels at entry ) .....if i get a kicker on cable it pays pretty well......

and scalping allows around 2% of cap base for 5 pip stops ...off say a 20 pip move you do the math on ROIs

i only need 1 a day to make money....and it will pay for even 3-4 failed trades .......and believe me ....I do better than a 25% win rate ......

have a great day ....my last day trading as tomorrow with friends

N

NZD has been buy of morning ....but wheres the fun in that ?

Can I wish everyone at FF a very merry Xmas and prosperous 2020

lets hope 2020 as lively as 2019 in forex market as it helps pay the bills

cheers gang
N

Hey Gang ....

Well as Xmas approaches we look back on a very interesting year in Forex - looking from the start of January 2019 (chart below) ......Sterling (RED) GBP was again the currency to watch as it rampaged due to the Brexit Circus ... its also been about the (BROWN) CAD being a major Bull player and also the (YELLOW) yen (which has fallen now) .... Brexit and related Euro turmoil has also managed to drag the (BLUE) EURO into the lowest Bear Position for this year .......so 10/10 if you guys swung GBP off those highs and lows .......the GBP red selloff was pretty obvious looking at the second bounce south on the Chart off that resistance Zone - can you all see that ? - who says Trading is hard ? ......N

how nice has today gone gang ?

totally unexpected action on cable .....GBP getting clobbered ....

so an opportunity to get into a further 80 pips slide on Cable from earlier scalping action

nice end to proceedings for me .....

cheers
N

My recent message to Andy (captain currency) the creator of the 3 ducks system .........

Hey Andy ......sorry to hear that the strategy has struggled ............

I think you are doing yourself a big disservice as its actually one of the better simpler systems out there that i have always rated and encouraged students to take a look at .....

and as you know i utilised its principles to create a relative strength version as well for currency indexes !

as other people have mentioned your 3 ducks is a great way of recognizing market potential .....the same way as my work on strengthmeters like the fxcorrelator identifies trends and themes in the overall forex G8 market ......

in terms of actual entries and triggers one must be always perhaps be more flexible and adaptive to succeed......so for me its not the 3 ducks concept that is at fault .....but using it as the de-facto entry/exit trigger that is questionable and always using some add ons to perfect the system......thats the edge missing....

if anyone reads my updates here at T2win or other forums or indeed my website / blog they will see i rarely talk about actual fxcorrelator indicator default entries / exits .....the indicator is just used as a snapshot / overview of the market and what is generally happening......helicopter stuff........my core triggers and entries / exits are completely different concepts ......I know I would lose if i merely and blindly took default signals based on the FXCorrelator....

anyway take care and perhaps you just need a break away from trading .........ive done so a few times over the years and always come back refreshed and raring to go.....

you know where i am so happy to stay in touch and talk about anything ........i know where you've been through as a fellow trader so can empathise mate ..........take care

[email protected]

have a great new year mate - you certainly deserve it

N

really nice morning scalping cable ...

nice cruisy moves from 3120s to 3070s so far .....wish every day was like this

N

Hi there,

Is there anything related to crude oil scalping similar to currency correlator?

hey C

I have created indicators that included Crude oil and Gold and other commodities as raw indexes inside a currency wrapper (firing off the USD base currency naturally)......but Gold has always been the most successful for me .........I never pursued the Crude oil versions much as others have all been more profitable

N

Today GBP index has been a pretty smooth bull since around 9am ....and ive played it ever since

I could have been greedy and got into it from 3090s but i felt it was a little to early just to go off a breach line on Cable ...

I like conformation from my relative strength indicators to see where GBP REALLY is ........and it was still not really bull enough at that point .......

i was aggressive from 3010's so no harm done ...........plenty of pips since then on buying and rebuying Cable all day

nice start to week
N

heres a shot of G8 forex market so far in 2020......

I was happy to sell GBPUSD (Cable) last week (see my previous posts)...but today after a little persuading i was happy to finally start buying in the london morning forex session ....

sure i could have been playing yen bull last week asnd did ...but i like trading Cable if its playing ball.......its probably 80% of my trades these days .....probably too much but i will happily switch to others if its playing slooow.....

all so nice and predictable trading so far .....and pretty easy to make money

thats worrying !!

N

hi all

cable wasnt actually the most solid pair to trade this morning but it is my favourite so I was mainly on it as usual

(hint - look at AUDUSD sells this morning)

heres where i was .........as in my last post i'm primarily a scalper .......unless the price moves solidly with minimal retracement i will not hold onto a trade ......I will just come back in and trade it again if i feel the trend is still happening

This morning i briefly tried to sell cable and broke even ..then stood back and got back into that solid move north

4-5 scalps there did the job.....

whilst the 5min looks like there were some decent sells after Cable peaked I havnt been in ....Im trying to play it even safer these days in 2020.......i would have scalped south last year .....but teying to be more conservative and preserve the money already made

interesting times ......always try to improve your trading (even when you are doing well) .....it really helps to keep you sharp and focussed

N

hey all

another kind morning for me ......loving 2020 so far

N

what a morning ! .....cant believe how nice GBP is being to us forex traders in 2020.......

jees ...a fairly uneventful 80+ pip sell drive this morning on cable ....been too easy

N

hey all ....decent day in markets so far

im just trying to resell cable at moment from around 3066-7...market is testing that area a lot ....

N

3057 the low ....cant get it moving as yet ....

morning all.....

i'm supposed to be working with a couple of programmers on a U.S. indices system but had to drop in a post here re the nice forex action this morning ....so my other stuff got delayed !

even a novice trader would have made money so far ......Cable has been a treat

N

earliest i could have got back in resells recently was around 2988 went to 73 ......waiting for next opp